Seeking Alpha

Repsol splits top management roles

  • Repsol (REPYY, REPYF) says it is dividing its leadership by naming Josu Jon Imaz to a newly created CEO position; Antonio Brufau will continue to serve as chairman, a post he has held for a decade.
  • Repsol says the change at the top reflects a shift toward a new growth strategy after settling its dispute with Argentina over the expropriation of YPF.
  • The appointment appears to set up Imaz to eventually take over Repsol's management after Brufau retires.
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